Sign In | Create an Account | Welcome, . My Account | Logout | Home RSS
 
 
 

AARP to hold Think of Your Future workshop

February 16, 2017
Lahaina News

LAHAINA - For Maui residents looking toward retirement, what steps should be taken to ensure the future is secure? The growing emphasis on personal responsibility for retirement savings creates greater uncertainty for people looking to retire comfortably in the years ahead.

Residents can get help in making smart financial decisions at a free Think of Your Future workshop on Saturday, Feb. 18, from 9 a.m. to noon.

AARP Hawaii and Kaunoa Senior Center are hosting the workshop at the Kaunoa Senior Center in Lahaina. It's open to anyone interested in planning for retirement.

Residents can register online at aarp.cvent.com/future2-18 or call (toll-free) 1-877-926-8300. Snacks and event materials will be provided.

Hawaii residents live, on average, three years longer than other Americans, and for many people longevity comes with greater anxiety about outliving their assets.

Add to the mix questions about the best time to collect Social Security benefits, and preparing for a secure retirement can be daunting.

The following sessions are included in the workshop:

"Ten Steps to Get Ready for Retirement" - Many pre-retirees overlook the rising cost of medical care. According to estimates, the savings needed to cover most health care expenses in retirement, including premiums, is $116,000 for men and $131,000 for women.

"Understanding Your Social Security Retiree Benefits" - Begin claiming your benefits at age 62, and your monthly check will be 76 percent less than if you wait until age 70. Conversely, some people need the money or fear they won't live long enough to collect what they paid into the system.

"Medicare 101" - You generally have a seven-month window to sign up, starting three months prior to turning 65. Not doing so could trigger late penalties and delay coverage, unless you're covered beyond 65 by insurance from your or your spouse's employer.

AARP is a nonprofit, nonpartisan organization with nearly 150,000 members in Hawaii. AARP helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families. such as healthcare, employment and income security, retirement planning and protection from financial abuse. Visit www.aarp.org/hi for information.

 
 
 

 

I am looking for:
in:
News, Blogs & Events Web